Vancouver, British Columbia--(Newsfile Corp. - April 26, 2022) - Slave Lake Zinc Corp. (CSE: SLZ) - As spring arrives in the Northwest Territories, recent developments with the federal and territorial governments have created excitement within the Company.

Slave Lake Zinc is very much looking forward to the next several months, and the coming years, with the recognition that the Company's primary exploration programs centered around zinc, with lead and copper, not to mention the precious metals, are being designated as "Strategically "important minerals by our Federal Government.

The "Fraser Institute" in their "Annual Survey of Mining Jurisdictions" has designated Canada as the number 2 best jurisdiction in the world for investment in the mining industry. The Northwest Territories was not specifically mentioned but as Mr. Wigham stated: "Our company's interaction (Slave Lake Zinc Corp) with the decision makers and Indigenous communities in the N.W.T. has shown that it appears a new and exciting attitude has been brought forward with our mutually significant ''Collaboration Agreement" with the Northwest Territory Metis Nation and our interactions with both the Territorial Government and the other local communities within the South Slave Region of the N.W.T."

With these developments and more substantial federal tax incentives the future appears to be very bright for Slave Lake Zinc and the companies O'Connor Lake Project.

Slave Lake Zinc ("the Company") has awarded incentive stock options to Directors, Officers and a company consultant to purchase a total of 2,650,000 shares of the Company's treasury capital. These options allow the holder to purchase the shares at $0.15 per share for a period of two (2) years from the date of issue, subject to provisions of the Company stock option plan.

About Slave Lake Zinc

Slave Lake Zinc Corp. intends to develop the potential of its O'Connor Lake property, an historic zinc lead copper property located in the Northwest Territories of Canada. The property is located south of Great Slave Lake and to the east of Osisko Metals' Pine Point project. The property was initially developed after the Second World War and subsequently abandoned in 1952 when the prices of zinc and lead collapsed post war. Slave Lake Zinc Corp. believes that it is well positioned to advance this project and to expand significantly the historic potential of the property. For more information, please visit .

On Behalf of the Board of Directors,
Slave Lake Zinc Corp.
Per:

Ritch Wigham CEO & Director
Phone: 604-396-5762
Email: rwigham@zinccorp.ca

Neither the Canadian Securities Exchange nor its regulation services provider has reviewed or accepted responsibility for the adequacy or accuracy of the content of this news release

Forward-Looking Statement

Statements in this news release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in both Slave Lake Zinc's periodic filings with Canadian securities regulators. When used in this news release, words such as "will", "plan", "estimate", "expect", "intend", "potential", "should," and similar expressions, are forward-looking statements. Information provided in this document is necessarily summarized and may not contain all available material information. Forward-looking statements include, without limitation, statements regarding the progress of a definitive offtake agreement, potential development and production at the Company's O'Connor Lake project, future oriented events and other statements that are not facts. Forward-looking statements are based on a few assumptions and estimates that, while considered reasonable by management based on the business and markets in which Slave Lake Zinc operates, are inherently subject to significant operational, economic and competitive uncertainties and contingencies. Such forward-looking statements should therefore be construed in light of such factors. Although Slave Lake Zinc has attempted to identify important factors that could cause actual results, performance or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate or that management's expectations or estimates of future developments, circumstances or results will materialize. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this news release, and Slave Lake Zinc disclaims any intention or obligation to update or revise such information, except as required by applicable law, and Slave Lake Zinc does not assume any liability for disclosure relating to any other company herein.

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